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Modelling the virus
10 March 2020The spread of Covid-19 has not come as a surprise to everyone. Analytics firms are looking at the thousands of situations to model pandemics every day. However, it seems insurers are not quite up to scratch. Sarfraz Thind reports
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Three lines of defence: a necessity or a nuisance?
06 March 2020The three lines of defence model has become a fixture for enterprise risk management in the insurance sector. But after nearly two decades since its introduction, does the model still have a place within the insurance industry or are changes needed? Paul Walsh investigates
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UK actuaries take another crack at equity-release mortgage valuation
03 March 2020Valuation of equity-release mortgages (ERMs) is one of the most controversial topics in the UK actuarial community, and the latest update from the working party only makes a small step towards resolving the debate. Christopher Cundy reports
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Chubb's Barney Wanstall: creating the 'end-to-end' IFRS 17 solution
27 February 2020One of the biggest challenges for insurers implementing the IFRS 17 accounting standard is creating a seamless and robust system that takes in all the relevant information and produces the required numbers, as Chubb's head of IFRS 17 implementation in 25 countries explains to Cintia Cheong
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AAIC's ERM journey: inspired by Europe
25 February 2020AAIC's CRO Lorie Graham started the company's ERM programme in 2008 at a time when the US reinsurance sector had few models to look at. So she took her inspiration from the Europeans, she tells Sarfraz Thind
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Eiopa hits back at the French ICS revolution
21 February 2020Some prominent French re/insurers don't want the Insurance Capital Standard in its current form, angering EU and US negotiators alike. Eiopa looks determined to carry on regardless. The IAIS is treading carefully. It is a fraught situation and some practitioners believe the standard could even collapse under its own weight, as Sarfraz Thind reports
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IFRS 17 and Solvency II: clashes on discount curve and risk margin come to the fore
17 February 2020InsuranceERM's IFRS 17 conference heard insurers are keen to leverage much of what they have implemented for Solvency II in their IFRS 17 compliance programmes, but are struggling with certain elements. Paul Walsh and Christopher Cundy report
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Australian life insurers arm up on the frontline of climate change
13 February 2020Climate change is not just a worry for property and casualty insurers. In Australia, whose recent natural disasters are widely seen as harbingers of global warming, life and health firms recognise complacency is no option. David Walker reports
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Winners revealed in InsuranceERM Awards 2020
10 February 2020The awards recognise the best insurance risk management providers serving the UK and Europe
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IFRS 17 implementation requires "extreme flexibility"
06 February 2020Cristina Colozza, IFRS 17 disclosure and methodology central lead at Zurich, tells Cintia Cheong about the firm's IFRS 17 implementation status and the importance of its financial impact assessment
- UK actuary found guilty of misconduct for Islamophobic tweets
- Life reinsurers spy a goldmine in Asia
- Asset-intensive reinsurance intensively assessed
- Swiss Re highlights pricing and incentivising importance as nat cat losses spike
- Insurance, Climate Change and the Law: how to be an enabler, not a doomist, on climate action
- Pensions CRO calls out racist and sexist remarks
- UK's Consumer Duty: a headache on top of a cost-of-living crisis
- Munich Re's syndicate "significantly" helps to cut group underwriting emissions by 80%
- NAIC climate data call could leave FIO in the cold
- Swiss Re's group CEO Christian Mumenthaler to step down